Company Information

Get to know Rak Money Exchange

Established to serve the remittance and foreign exchange needs of the UAE's diverse population, RAK Money Exchange is a wholly-owned subsidiary of RAKBANK (The National Bank of Ras Al-Khaimah). Licensed and regulated by the Central Bank of the UAE, the company provides reliable and competitive services, including international money transfers, currency exchange, and bill payments. It leverages the robust infrastructure and trusted brand of its parent bank to offer services through a network of physical branches across the UAE.

Industry

Financial PaymentPRIMARY
Financial Other Service

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Rak Money Exchange

United Kingdom

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Security Information :

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.